A solution can be found the e. U. Says it will consider further countermeasures. Some e. U. Retaliatory tariffs on American Products came into effect at the start of this month for jack daniels the United States biggest Whiskey Exporter it may mean Hiking Prices in europe and washington correspondent Claire Richardson went to lynchburg tennessee to get a taste of the problem. American whiskey in the firing line now that the European Union has hit back against President Donald Trump with tariffs of its own Companies Like jack daniels are being forced to make sacrifices that could hurt their bottom line. Im here in lynchburg tennessee home to jack daniels obviously its why they did it they said they plan to increase their prices. For consumers in the year you in the area that you are choosing what you think will forego the expense of a good product and simply pick the best. Tennessee strongly backed trump in the
twenty sixteen elections thats likely the reason distilleries here are feeli
shrinking cash reserves were growing and bottom lines were beginning to shine in march this year italy s top twelve banks had a market capitalization of one hundred thirty billion euros but since dropped a ninety five billion fall of over a quarter and they continue to lose value. part of the reason is the new government in rome and its budget plans the banks are under pressure to buy government bonds as well that brings more money into the treasury if the banks don t cooperate rome is threatening to raise taxes the value of the government bonds no held by italian banks is nearly as high as their own capital reserves are risky situation room is also ignoring e.u. budget guidance causing alarm in brussels and among investors in banks. ryanair logged a seven percent for profit in the in the april to september period summer is
increase borrowing italy s shaky banking sector though remains an underlying concern though it has only just recovered from the financial crisis but now italian banks are being pressured by the new populist government into financing their expensive election promises. banks are in trouble again. just as they were getting over the last crisis. bad debt is shrinking cash reserves were growing and bottom lines were beginning to shine. least twelve banks had a market capitalization of one hundred thirty billion euros. since dropped to ninety five billion. and they continue to lose value. part of the reason is the new government in rome and its budget plans the. government. that brings more money into the treasury if the banks don t cooperate rome is
over the last crisis the mountain of debt is shrinking cash reserves were growing and bottom lines were beginning to shine. in march this year italy s top twelve banks had a market capitalization of one hundred thirty billion euros but since dropped a ninety five billion fall of over a quarter and they continue to lose value. part of the reason is the new government in rome and its budget plans the banks are under pressure to buy government bonds as well that brings more money into the treasury if the banks don t cooperate rome is threatening to raise taxes the value of the government bonds no held by italian banks is nearly as high as their own capital reserves risky situation room is also ignoring e.u. budget guidance causing alarm in brussels and among investors in banks. joined by he s the chief economist at command spungen frank good morning explain that to us
twenty fourth so it seems that is a very short span of time and to try to achieve some sort of results and also the implied the explicit goal for something more to come in case that china decides to retire gets i m not sure these are the best precondition to engage in a meaningful conversation with china not china involved to retaliate yet it imports only one hundred thirty billion dollars worth of u.s. goods could it go to the bond market to strike back. they could do a lot of things that depends on much we want to take of course they import the less than the u.s. but then if the u.s. is putting it out of ten percent increase to twenty five percent of the chinese may start their way with a full twenty two increase to thirty so even with the trade policy there is their freedom of of the truth being a proper strategy of course they can move to the bond market if all of a sudden china will start to sell some of the treasury bills that will lead in